Bakers prefer butter, helping prices soar
Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.
Former Fonterra chief executive Theo Spierings passed away in the Netherlands over the weekend.
A statement issued by The Purpose Factory, a Dutch-based foundation and consultancy focused on global sustainable development goals and business transformation and innovation, says Spierings died “unexpectedly” after a brief illness.
Spierings was a co-founder and chairman of The Purpose Factory.
The statement says Spierings had more than 30 years’ experience in the dairy industry – including leading Fonterra for nearly seven years. He became Fonterra CEO in 2011, replacing Andrew Ferrier and beating internal candidates for the job.
He previously led Dutch dairy cooperative Royal Friesland Foods in its 2008 merger with Campina.
Prior to his departure from Fonterra, Spierings caused controversy when it was revealed he was one of the highest-paid executives in the country, pulling in $8.32m in 2017.
The Purpose Factory statement says his legacy, and the impact he had on those he worked with and who knew him, will be remembered fondly.
“At this difficult time, Theo’s family has requested privacy. They appreciate the outpouring of love and support from around the world during this sad time. A private memorial service will be held in the Netherlands.”
The Good Carbon Farm has partnered with Tolaga Bay Heritage Charitable Trust to deliver its first project in Tairāwhiti Gisborne.
Education union NZEI Te Riu Roa says that while educators will support the Government’s investment in learning support, they’re likely to be disappointed that it has been paid for by defunding expert teachers.
The Government says it is sharpening its focus and support for the food and fibre industry in Budget 2025.
A European Union regulation ensuring that the products its citizens consume do not contribute to deforestation or forest degradation worldwide threatens $200m of New Zealand beef and leather exports.
A long-acting, controlled- release capsule designed to protect ewes from internal parasites during the lambing period is back on the market following a comprehensive reassessment.
Healthcare appears to be the big winner in this year's budget as agriculture and environment miss out.
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